Reply #4 – January 05, 2014, 11:30:41 PM
Quote from: anticlimax on January 05, 2014, 07:49:16 PM
With two block chains operating.
Say the NRB block chain continues at the current hash rate.
If NRS grows in popularity and value increases, I assume the value of NRB would increase at the same rate?
Im curious how you presume they affect one another?
What changes are at this moment planned for the NRB block chain if any?
Will NRS have the stats you mentioned in the blackwatch thread regarding the changes to NRB initially.. 12million shares etc?
Sounds like NRB will be riding the coattails of NRS.
It's been a long day, hopefully im not being redundant/plain stupid.
Anti
not at all, your question is valid, but i leave such ideas to the market to decide. Due to the nature of NRS and it's intended use, it cannot be compared to NRB or even BTC. Those two are crypto currencies, NRS on the other hand is crypto-shares. Each NRS represents a share in the company and entitles you to a payout in USD later on when the company begins paying dividends. When a company is formed, it is a requirement that shares be allocated to the owners at the price of $x each, i understand that not all of us are holding BTC and NRB so i have created a fund that will allow using any traded crypto to buy shares.
The total equity has been reduced from 12 million to three million. Simply put, I do not have the time and funds to print and mail 12 million share certificates. while 3 million is just as highly absurd, it may be feasible over time that is why only 150 k will be available to the public at launch, the rest will have to be mined.
So, say you have 2k NRS in the second Quarter after launch and dispersal of initial shares, and the company makes 100k from it's crypto to fiat exchange. If the total shares in existence is 500k then that entitles you to a payout of 500 USD, which will be paid out either as USD or as BTC on top of what you already make from trading your coins. So if you are a good trader, you'll have profit from your trades then as the quarter comes to a close, you'll deposit your proof of ownership. The PoO deposit is then used to calculate what % of the total dividends you will get. Should the company expand and include a mining operation, you would also be entitled to 0.5% of that quarters' total mining proceeds.
After the chain reaches maturity, there will be a vote, either to distribute more shares by raising the equity supply or for the company to buy dedicated hardware to secure the shares.
E2KgPjScAVEKHdWrBGscgNn4yrcWDx5gVF--NRB Development Fund
no
http://noirbitstalk.org/index.php?topic=11.0